Stormont’s Economy Minister, Conor Murphy, welcomed the Chicago-based firm’s decision. He noted that the new office, located in the Pearl Assurance Building, marks SpiderRock’s first investment in Northern Ireland. The company specializes in delivering high-performance, cloud-based trading systems and low-latency market data solutions for global clients, including hedge funds, bank trading desks, and proprietary trading firms.

“This investment by such a prestigious company highlights the international standing of the North’s thriving fintech sector,” Murphy said. “Invest NI and I met with SpiderRock’s leadership in Chicago last year to showcase the benefits of investing in the North. I’m thrilled they’ve chosen to create 20 new positions here, with average salaries of £55,000—nearly double the private sector median. These hybrid roles will be accessible to people across the region.”

SpiderRock CEO George Papa praised the talent and expertise available in Northern Ireland, along with the strong partnerships with universities and support from Invest NI.

“Our Northern Ireland team will be integral in supporting our trading platform, extending operational coverage during non-US hours, and driving our expansion into European markets,” he said. “Recruitment is progressing quickly, and we’ve already filled nearly half of the planned positions. This investment is a significant milestone for SpiderRock as we grow our presence in Europe, strengthen our brand, and deliver innovative solutions to new markets.”

Invest NI played a key role in securing SpiderRock’s investment and has offered support for the creation of the 20 jobs.

Andrea Haughian, Invest NI’s Head of Americas, said: “SpiderRock’s decision to establish operations in Northern Ireland underscores the region’s growing reputation as a fintech hub, offering a highly skilled workforce and a competitive business environment.”